1115 14th St
Santa Monica, CA 90403
42 Beds
41 Baths
34,281 Sq Ft
77 Days on Market
For Sale $20,850,000
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Courtesy of Marcus & Millichap

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.

MLS# 24452667 • Data provided by CRMLS
Additional home details
Living Area34,281 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms42
Bathrooms41
Stories--
Year Built1972
Property TypeMultifamily
ZoningSMR2*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$150,691
Property in Flood Zone--
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HouseCanary, Inc. Brokerage

1115 14th St., Santa Monica, CA 90403

Multifamily
42 Beds
41 Baths
34,281 Sq Ft
77 Days on Market

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.

MLS# 24452667 • Data provided by CRMLS
Additional home details
Living Area34,281 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms42
Bathrooms41
Stories--
Year Built1972
Property TypeMultifamily
ZoningSMR2*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$150,691
Property in Flood Zone--
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This property is missing data for:
Comparable properties, forecast, and rental estimate
New
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For Sale $20,850,000
Request tour
Save
Courtesy of Marcus & Millichap
1115 14th St
Santa Monica, CA 90403
42 Beds
41 Baths
34,281 Sq Ft
77 Days on Market

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.

MLS# 24452667 • Data provided by CRMLS
Additional home details
Living Area34,281 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms42
Bathrooms41
Stories--
Year Built1972
Property TypeMultifamily
ZoningSMR2*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$150,691
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $20,850,000
Request tour
Save
Courtesy of Marcus & Millichap